Larsen and Toubro, India's leading engineering company is mulling to foray into wind-based power projects considering renewable energy’s huge global potential.
Recently, company has announced Rs 1,100 crore retail tax-saving long term infrastructure bonds with 10-year maturity period, with a coupon rate of 9%, which hit the market on November 25. It will close on December 24 and can be traded after a five-year lock-in period.
L&T’s net profit after tax for the quarter rose 4.37% at Rs 798.39 crore as compared to Rs 764.98 crore for the quarter ended September 30, 2010. Total income has increased by 18.43% to Rs 11608.41 crore for the quarter under review from Rs 9802.21 crore for the similar quarter of the previous year.
